Vaigafa is an 18-year-old woman who is married. She works in her family's business, selling baked goods in the local community. She has one year of experience in this business. Vaigafa needs a loan of WST 1,000 to purchase raw ingredients needed to make products for sale. She plans to use the profit from her sales (estimated to be WST 250 per week) to improve and expand the business.
In 2012, Vaigafa joined SPBD to gain access to financial services. Most of SPBD's clients are unable to borrow from commercial banks because they lack collateral. This is Vaigafa's first loan with SPBD.
South Pacific Business Development (SPBD) improves conditions for families living in poverty by providing accessible credit, training, and guidance to help them start, grow and maintain micro-businesses, build assets, finance home improvements, and afford to educate their children. 99% of SPBD’s loans go to women, who can borrow in groups to guarantee one another rather than put up collateral.